Friday, June 19, 2015

Greece, fleeing banks: billion withdrawn. Tsipras agreement Monday. From … – Quotidiano.net

Rome, June 19, 2015 – Do not you unlock the negotiations on the Greek crisis and Monday will be up to eurozone leaders, convened an extraordinary summit, try to avoid that which many could be catastrophe the default. The premier Tsipras, for her part is optimistic : you will find a solution will be found to return Athens to grow, informs and explains to work for it. In support of Greece is Russia that Athens has signed an ‘agreement for the passage of Turkish Stream gas pipeline on its territory, Moscow will provide a loan of 100% of’ amount and Gazprom will not control it . This and the ECB , in a conference call extraordinary, decides to increase the ceiling of the funds for Greek banks.

MAXIPRELIEVO – continues the withdrawal of deposits from Greek banks by citizens . Today I took some 1.2 billion. The total amount, according to state three Greek banks, this week is about 4.2 billion euro . According to sources quoted by Reuters, the European Central Bank would be closely monitoring the situation, concerned about the possibility that such outflows could bring the country’s banks not to open the doors next Monday. Hypothesis disproved by the Finance Minister, Yanis Varoufakis, aware that the ECB will not leave Greece to its fate over the weekend.

EMERGENCY ‘ELA’ – not by chance that Mario Draghi ahead of its time and today held an emergency meeting to resolve the ‘ raising funds for Greek banks. The meeting by teleconference, scheduled around noon, has voted in favor but the ECB did not want to provide information on the height of the new ‘roof’ to cover institutions Hellenic . E ‘, however, likely that the intervention is at least 3 billion to cover the re shots at the counter from today to Monday. L on Wednesday ECB had already raised the amount of funds Ela (Emergency liquidity assistance) to Greece 83000000000 to 84.1000000000.

‘ POLITICAL SOLUTION ‘- Greece appreciates that the final negotiations take place at the highest political level in Europe, and “we are committed to a successful summit,” promises the leader of Syriza. The premier greek, calling it a “political solution” and only in the presence of a breakthrough similar is willing to appear in Parliament with a plan reforms not unwelcome to creditors, then choose a conciliatory tone. Especially reassurance internal view the race of the Greeks at bank counters to put the euro under the mattress. “All those who bet on the crisis and on a scenario of terror must be recognized in error” bets Tsipras. “There will be a solution – he adds – based on the respect of EU rules of democracy. It is a solution that will allow Greece to return to growth.” Made all the more necessary – especially for creditors – as in May, the tax revenues of Athens were down by 24.6%.

BET RUSSIAN – To make it clear that Europe can play on multiple tables, including those with Russia and China, Tsipras is today in St. Petersburg by the Russian President Vladimir Putin. E by media collects solidarity preventive Kremlin: “Russia is ready to consider the possibility of providing financial assistance to Greece” guarantees the Russian Deputy Prime Minister Arkadi Dvorkovich to Russia Today TV. “We – said Dvorkovich – we will support any decision will be made by Greece and its European partners. If Greece needs financial assistance, we will examine the question “. Obviously Greece states that it asked for nothing – and Moscow confirms it – but the direct signal to the EU is very clear.

MESSAGE FROM BRUSSELS – E ‘the game of the notices and counter-notices. The President of the EU Commission, Jean -Claude Juncker is for example know that he told Tsipras to count on him to avoid a collapse of negotiations with creditors. “I have repeatedly warned Tsipras – he says Juncker interviewed by Der Spiegel – you should not rely my ability to avoid a break in the negotiations. “Juncker, who in recent months has tried to act as a bridge between Athens and its creditors, reveals that the government greek misunderstood its efforts to seek a compromise.” According to the chairman of the Committee EU Greeks may think “that finally someone in Europe will be able to pull the rabbit out of the hat. But it is not my case. “” I do not understand Tsipras – adds Juncker -. The trust I placed in him was not reciprocated . “Instead of complaining about compromise agreements, Tsipras – according Juncker – could tell the Greeks that the European Commission has offered a program of investments € 35 billion from 2015 to 2020. “If I were the premier greek – notes the Commission’s number one – I would have sold this proposal as one of my success.”

Q & A – Arriving in St. Petersburg, Tsipras doth his thoughts and urged the EU (and Juncker) to have more courage: “ The European Union must find and take back his path , returning to the original principles on the principles, that is, solidarity, equity and social justice – continued -. I confess to tighten their belts and the austerity measures are not a path that leads nowhere. “In the decisive phase of the crisis in Greece, Tsipras has also sought to stress from Russia that” the so-called greek problem is not just a problem of Greece, but concerns the entire European Union “and” has deep roots in the very structure of the EU “.

NO INFECTION – If you experience the unwelcome and” far away “hypothesis of an output Greece from the Euro, “financial markets would suffer” and Economy Minister Pier Carlo Padoan would not be surprised “if there were changes in yields and spreads.” But, as pointed out in Luxembourg the same Padoan, “the situation is very far from that of 2012,” and we do not have to imagine, as then, the “spread of 500 basis points” or a EU “on the brink of dissolution of ‘Monetary Union: Union today is more integrated “and with” effective tools that negate its contagion effect, “says the owner of the Economy.

MORE FIGHT’ LEVELS – Finance Ministers of the EU countries and Eurogroup of course try not to get climb over the “political” reasons. So the president of the Eurogroup, Jeroen Dijsselbloem, convened an extraordinary summit of eurozone finance ministers on June 22, the Italian 15 hours, before the extraordinary meeting of the European leaders. This was announced by the same Dijsselbloem on his Twitter profile.

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